Insider Selling: Clean Harbors, Inc. (NYSE:CLH) Director Sells 308 Shares of Stock

Clean Harbors, Inc. (NYSE:CLH - Get Free Report) Director Lauren States sold 308 shares of Clean Harbors stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total transaction of $70,467.32. Following the completion of the transaction, the director now directly owns 11,918 shares of the company's stock, valued at $2,726,719.22. The trade was a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Lauren States also recently made the following trade(s):

• On Wednesday, January 15th, Lauren States sold 308 shares of Clean Harbors stock. The stock was sold at an average price of $239.04, for a total transaction of $73,624.32.
• On Monday, December 16th, Lauren States sold 308 shares of Clean Harbors stock. The stock was sold at an average price of $245.06, for a total transaction of $75,478.48.

Clean Harbors Stock Performance

NYSE:CLH traded up $5.59 during trading hours on Friday, hitting $217.77. 1,003,021 shares of the company were exchanged, compared to its average volume of 428,181. The stock has a market capitalization of $11.74 billion, a price-to-earnings ratio of 29.35 and a beta of 1.24. Clean Harbors, Inc. has a 52-week low of $180.24 and a 52-week high of $267.11. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. The company's 50 day moving average price is $233.69 and its 200-day moving average price is $242.09.

Clean Harbors (NYSE:CLH - Get Free Report) last released its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.19. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. Clean Harbors's revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.82 EPS. As a group, research analysts forecast that Clean Harbors, Inc. will post 8.08 earnings per share for the current year.

Institutional Trading of Clean Harbors

Large investors have recently made changes to their positions in the business. Kapitalo Investimentos Ltda purchased a new stake in shares of Clean Harbors in the 4th quarter valued at $32,000. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Clean Harbors by 2,650.0% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider's stock valued at $38,000 after purchasing an additional 159 shares during the period. Allworth Financial LP lifted its stake in shares of Clean Harbors by 130.4% in the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock valued at $44,000 after purchasing an additional 103 shares during the period. Assetmark Inc. lifted its stake in shares of Clean Harbors by 10,250.0% in the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock valued at $48,000 after purchasing an additional 205 shares during the period. Finally, Prospera Private Wealth LLC acquired a new position in shares of Clean Harbors in the 3rd quarter valued at $56,000. 90.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Robert W. Baird decreased their price objective on shares of Clean Harbors from $285.00 to $272.00 and set an "outperform" rating for the company in a report on Thursday. Stifel Nicolaus decreased their price objective on shares of Clean Harbors from $290.00 to $285.00 and set a "buy" rating for the company in a report on Thursday. Needham & Company LLC reiterated a "buy" rating and set a $268.00 price objective on shares of Clean Harbors in a report on Thursday. Oppenheimer decreased their price objective on shares of Clean Harbors from $256.00 to $254.00 and set an "outperform" rating for the company in a report on Thursday. Finally, BMO Capital Markets reduced their price target on shares of Clean Harbors from $284.00 to $270.00 and set an "outperform" rating for the company in a report on Thursday. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $270.56.

Clean Harbors Company Profile

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.